If Britain Leaves, the EU Will Implode
The most common image of a failing Europe is that of something falling apart, unraveling, crumbling away, or even evaporating into thin air. This imagery is misleading.
Following the British referendum, and perhaps even before it, the EU will most likely implode.
The European Union faces so many different crises that it has been–until now–impossible to predict the precise catalyst for its likely demise. The obvious candidates for destroying the EU include the looming refugee crisis, the tottering banking structure that is resistant to both bail-outs and bail-ins, the public distrust of the political establishment, and the nearly immobilized EU institutions.
But the most immediate crisis that could spell the EU’s doom is Prime Minister David Cameron’s failure to wrest from Brussels concessions that he needs in order to placate the increasingly euro-skeptic British public. Prime Minster Cameron has failed because the EU cannot grant the necessary concessions.
There are three special reasons, as well as one underlying reality, that have made Cameron’s task impossible.
Learn more in Marian Tupy’s latest blog post on the Brexit….
Marian Tupy was also on BBC News discussing how the Brexit would affect trade. Watch the clip.
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